Agenda item

Establishment of a Property Investment Working Group

Minutes:

The Executive considered a report proposing the establishment of a Property Investment Working Group, which would lead on matters concerning the Council’s property investments. The Working Group would consider any opportunities for acquisition of property, any proposals for refurbishment or regeneration of the Council’s properties, and the disposal of any Council property. It was noted that any recommendations from the Working Group would be referred to the Executive for decision.

 

Members considered the proposed Terms of Reference of the Working Group. It was agreed to amend the membership of the Working Group to include a member of an opposition group, rather than specifically referring to the leader of the largest opposition group.

 

The Executive was reminded that, in 2016, a Land & Property Board had been established, with authority delegated to the Chief Executive in consultation with the Board to make any authorisations set out in the Property Acquisition Strategy. The establishment of the Working Group superseded the Land & Property Board; as a result, it was proposed to rescind this delegation to the Chief Executive.

 

RESOLVED that

 

(i)        a Property Investment Working Group be established;

 

(ii)      the Terms of Reference for the Property Investment Working Group, as set out at Annex A to the agenda report, as amended, be adopted;

 

(iii)     members be appointed to the Property Investment Working Group by the Leader in accordance with Paragraph 2 of this report, as amended; and

 

(iv)     the delegations to the Chief Executive in consultation with Land & Property Board to agree any authorisations in the Property Acquisition Strategy be rescinded.

 

 

Supporting documents: